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Economists in the PITS?

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Author Info
Bruno S. Frey

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Abstract

Academic economists today are caught in a “Publication Impossibility Theorem System” or PITS. To further their careers, they are required to publish in A-journals, but for the vast majority this is impossible because there are few slots open in such journals. Such academic competition maybe useful to generate hard work, however, there may be serious negative consequences: the wrong output may be produced in an inefficient way, the wrong people may be selected, and losers may react in a harmful way. This paper suggests several ways to remedy this situation.

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Paper provided by Institute for Empirical Research in Economics - IEW in its series IEW - Working Papers with number iewwp406.

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Date of creation: Jun 2009
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Handle: RePEc:zur:iewwpx:406

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Related research
Keywords: Academia; economists; journals; incentives; economic methodology;

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Find related papers by JEL classification:
A1 - General Economics and Teaching - - General Economics
D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
I23 - Health, Education, and Welfare - - Education - - - Higher Education Research Institutions

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lazear, Edward P & Rosen, Sherwin, 1981. "Rank-Order Tournaments as Optimum Labor Contracts," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 841-64, October. [Downloadable!] (restricted)
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  2. Canice Prendergast, 1999. "The Provision of Incentives in Firms," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 7-63, March. [Downloadable!] (restricted)
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This page was last updated on 2009-10-22.

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